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20121101
20121130
Search Results 0 to 12 of about 13 (some duplicates have been removed)
. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forwd. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day
. >>> the leaders of asia's top economies want to work out a free trade agreement. ramin mellegard joins us from the business desk. there are so many trade negotiations going on worldwide. what are the details in this case? >> catherine, representatives of japan, china, and south korea are trying to get together this month to talk about starting negotiations for a free trade pact. the countries have agreed there are benefits to strengthening economic ties as the move towards free trade accelerates worldwide. leaders of the three countries had agreed in may that they would begin the trade negotiations by the end of this year. preparations had been made in working-level meetings but prospects for the talks were unclear in the shadow of the japan/china territory i am dispute over islands in the east china sea. the official launch of fta talks is now expected to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans
program. he'll likely ask china to persuade the north to skrapt launch. u.s. analysts said recent satellite photos said pyongyang may fire another missile. north korean military leaders launched what they called a satellite from the same pace in april. western intelligence analysts said the device, which crashed, was a long-range missile. >>> people at a japanese electronics company are interested in strength ning their renewable energy department. ai uchida from the business desk joins us now. >> i want to tell you specifically about rechargeable batteries or storage batteries. they're use envelope households during pow area outages, they're useful to drivers who use them in place of gasoline. the people at nec in japan understand that this is a growing and important market. the japanese electronics firm will join the bidding for a bankrupt u.s. company making storage batteries. nec officials say they want to buy the failed batterymaker a 1, 2, 3 systems. the u.s. firm filed for bankruptcy protection last month. it will be up for auction in early december. sources say nec could e
. that means palestinians have gained more powers but u.s. and isiseli leaders argue it throws up more barriers on the road to peace. >> reporter: it was a historic day for palestinians. before the vote palestinians president made his last plea to gain the support of delegation from u.n. member states. >> translator: i am hoping everyone's decision will give a birth certificate to the state of palestine. >> the assembly voted on a resolution to award palstines nonmember state. >> the result of the voting is as follows. in favor, 138. opposed, 9. abstentions, 41. >> reporter: an overwhelming majority voted in favor. among the minority who voted against resolution were israel and the united states. they argue that the palestine state hood should be negotiated between the two parties first. thursday's vote was a significant victory for the palestinians after their bid to gain full u.n. membership was shelved in the security council. being recognized as a state pal stain my exercise its new right to investigate alleged war crimes by israel. critics say it would the detrimental. it remains to be see
the u.s. he said american official leaders have promised to minimize the global consequences of official tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are runni
to the congress. he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing. flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing antigovernment leaflets out of the windows of moving taxis. police in beijing have put strict traffic checks in place for vehicles entering the capital. government authorities have mobilized an army of volunteers to help with security. they say 1.4 million citizens
ace chung leave for the united states in may. he using the internet mostly for his activism. >> translator: the communist party is the biggest violator of the rights of the chinese people. >> reporter: however, his activities are monitored closely. and he continues to be harassed. one time he was attacked by police agents as he left his house. another time he found the tires of his car had been flattened. his wife is also an activist. in this video she's being obstructed as they leave the house. the harassment has extended to the whole family. the situation got so bad that his wife left for hong kong in september together with their daughter who was 4 at the time. they were worried that they were no longer safe in beijing. >> translator: i'm happy that my wife and daughter will be somewhere that's safe and free. but i'm really going to miss them. >> reporter: eleven days after they left on september 18th, hu was placed under house arrest. a week later on october 25th, ahead of the communist party congress hu was moved to a province 1,200 kilometers south of beijing. the auth
. >> and i'm quite prepared to use the veto if we don't get a deal that's good for britain. let's be clear, mr. speaker, it is in our interest to try to get a deal because a seven-year freeze would keep our bills down compared to annual budgets. >> the amendment passed with support from the main opposition labor party and several dozen members of cameron's ruling conservative party. british lawmakers skeptical of more european integration are likely to keep pressure on the government to take a tough stand on eu spending. the amendment is nonbinding but it has put cameron in a difficult position ahead of an eu summit in late november. >>> executives in japan are seeing the impact of the global economic slowdown in their latest reports. almost a third of japanese companies on the tokyo stock exchange released lowered earnings predictions this week. firms doing business in china are seeing the sharpest declines. nhk world tells us why. >> reporter: on monday honda motor revised down its numbers for the business year, next march. expects its net profit to fall 20% in yen terms from a previous
Search Results 0 to 12 of about 13 (some duplicates have been removed)